Examlex
The character set used by most Web documents is ______________________.
Allocated Efficiently
A resource allocation where resources are distributed in a way that maximizes the net benefit to society or achieves a desired outcome effectively.
Social Costs
The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.
Circular Flow Model
An economic model depicting how money moves through an economy between producers and consumers, illustrating the interconnectedness of different sectors.
Capital Goods
Long-term assets used by businesses to produce goods and services, such as buildings, machinery, and equipment.
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